Central banks of various countries successively monetary easing Warning about economic downturn March 16 14:58

Central banks in each country are taking steps to ease monetary policy, including cutting interest rates to support the economy, and alarming the global economy against the spread of the new coronavirus is spreading worldwide.

The UK's central bank, the Bank of England, has decided to cut its policy rate to 0.25% on Thursday after an emergency rate cut.

On Monday, the European Central Bank did not postpone additional interest rate cuts, but added € 120 billion to the end of quantitative easing to buy a variety of assets and fund the market heavily. I decided.

In addition, the People's Bank of China announced on Tuesday that it will lower the reserve ratio of financial institutions and supply more than ¥ 8 trillion to the market in Japanese yen.

The Bank of Canada has also cut interest rates for the second time this month, and the Central Banks of Australia, New Zealand and Malaysia have also cut interest rates this month.

Following the emergency cut on the 3rd, the Fed launched an unusual crisis response on the 15th to introduce a virtually zero interest rate policy and quantitative easing at the same time, which could further widen global monetary easing. There is.